Mefcom Capital Markets shareholders approved the sale of its entire shareholding in subsidiary Mefcom Securities Limited and sanctioned a related party transaction with Managing Director Vijay Mehta during its Annual General Meeting on August 8, 2026. The meeting, which concluded at 1:30 PM in New Delhi, also saw the ratification of audited financial statements for the fiscal year ended March 31, 2026 (FY26), and approval for managerial remuneration exceeding limits prescribed under Section 197 of the Companies Act, 2013 for both FY26 and FY27.

The proceedings were conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Quorum was established in accordance with the Companies Act, 2013. Voting was conducted via remote e-voting from August 5 to August 7, 2026, with a cut-off date of August 1, 2026, followed by ballot paper voting for attendees. Brij Kishore Sharma (FCS-6206), a practicing Company Secretary, was appointed as the scrutinizer to ensure fair and transparent voting procedures.

The Board, chaired by Managing Director Vijay Mehta, presented seven resolutions for shareholder approval. Alongside the ordinary business of adopting financial statements and appointing a director in place of Sameer Rajendra Purohit (DIN: 05002079), who retired by rotation, shareholders addressed several special business items. These included approving the continuation of Dr. Shri Ram Khanna (DIN: 07723472) as a Non-Executive Independent Director upon attaining the age of 75 years.

Key Governance and Strategic Decisions

The approval of the sale of the entire shareholding in Mefcom Securities Limited marks a significant structural change for the group, potentially streamlining operations or reallocating capital. Simultaneously, the ratification of the related party transaction with Promoter and Managing Director Vijay Mehta underscores ongoing governance oversight required for such dealings under SEBI regulations.

The Board’s request for approval of managerial remuneration exceeding statutory limits for two consecutive financial years (FY26 and FY27) indicates a strategic focus on retaining key executive talent despite regulatory caps. No queries were raised by members during the session, suggesting broad alignment with the Board’s proposals. The voting results and scrutinizer’s report were disseminated via stock exchanges within 48 hours of the meeting’s conclusion.

Mefcom Capital Markets Limited has scheduled its 41st Annual General Meeting (AGM) for August 8, 2026, at 12:30 P.M. in New Delhi. The company has established a book closure period from August 5, 2026, to August 8, 2026, to determine shareholder eligibility for the meeting and voting. The venue for the meeting is E-15, Ansal Villas, Village Satbari, New Delhi.

The company has submitted the publication of the AGM notice in newspapers, specifically "Jansatta" (Hindi) and "Financial Express" (English), to BSE Limited. This submission was made in compliance with Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Company Secretary Rachita Aggarwal on July 18, 2026.

Meeting and Voting Details

Shareholders whose names appear in the register of members or beneficial owners as of the cut-off date, August 1, 2026, are entitled to vote. The company has provided remote e-voting facilities through NSDL, which will be open from August 5, 2026, at 9:00 A.M. to August 7, 2026, at 5:00 P.M. Members who have cast their votes remotely may attend the AGM but cannot vote again.

The Board of Directors has appointed BK Sharma & Associates, Practicing Company Secretaries, as the scrutinizer for the remote e-voting and AGM proceedings. The notice and annual report are available on the company's website and the BSE website.